EANS-Adhoc: K+S Aktiengesellschaft Second quarter revenues and operating
earnings EBIT I are significantly above the adjusted figures for the same period
last year as well as the consensus expectations Outlook of the K+S Group for
2012 as a whole ...
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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30.07.2012
K+S Group's second quarter revenues and earnings are significantly above the
corresponding previous year's figures which were adjusted because of the
divestment of K+S Nitrogen and also significantly exceed the current consensus
expectations due to a strong overseas business and a good early stocking-up in
Europe in the Potash and Magnesium Products business segment. Therefore, key
financial data for the second quarter are being released already today: Revenues
of the K+S Group reached EUR 996.5 million (Q2/11: EUR 821.7 million) and
operating earnings EBIT I reached EUR 219.8 million (Q2/11: EUR 181.9 million).
For 2012 as a whole, K+S confirms outlook. A quantification will be published in
the Half-yearly Financial Report H1/12; the ranges for the expectations
regarding revenues and operating earnings EBIT I are specified already today: In
the fiscal year 2012, revenues of the K+S Group should reach a figure between
EUR 3.9 billion and EUR 4.2 billion (previous year: EUR 4.0 billion). Revenues
in the Potash and Magnesium Products business segment, on the basis of the
currently achieved potash price level, should increase moderately and revenues
in the Salt business segment are expected to decline tangibly. Operating
earnings EBIT I should reach a figure of between EUR 820 million and EUR 900
million (previous year: EUR 906.2 million). In the Potash and Magnesium Products
business segment, slightly increasing (previously: stable) operating earnings
are expected. In the Salt business segment, operating earnings might decline
strongly in comparison to last year, which benefited from above-average volumes
of de-icing salt.
As planned, the K+S Group will release a detailed overview of the second quarter
as well as a detailed forecast report in its Half-yearly Financial Report H1/12
on 14 August 2012.
K+S Aktiengesellschaft
Kassel, 30 July 2012
The Board of Executive Directors
End of the Ad hoc Notification
Further inquiry note:
Julia Bock, CFA / Kai Kirchhoff
Telefon: +49(0)561-9301-1009 / 1885
E-Mail: kai.kirchhoff@k-plus-s.com
end of announcement euro adhoc
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issuer: K+S Aktiengesellschaft
Bertha-von-Suttner-Straße 7
D-34131 Kassel
phone: +49 (0)561 9301-1460
FAX: +49 (0)561 9301-2425
mail: investor-relations@k-plus-s.com
WWW: http://www.k-plus-s.com
sector: Chemicals
ISIN: DE000KSAG888
indexes: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: regulated dealing: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English